The Foundation for Education Inc

EIN: 510602496 501(c)(3) Education

Denver, NC

Total Revenue
$3,740,725
Total Expenses
$2,121,492
Total Assets
$36,564,606
Net Assets
$5,400,553
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
NC
Principal Officer
Cara Dowling
Phone
7044836611
Tax Period
2024-07-01 to 2025-06-30

The Foundation for Education Inc, founded in 2006, is a community nonprofit in the Education sector that reported $3.7M in total revenue in fiscal year 2024. Revenue surged 82% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 43% operating margin.

Mission

Support the operations of a charter school

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,774,776
Program Service Revenue $1,909,647
Investment Income $56,302
Other Revenue $0
TOTAL REVENUE $3,740,725

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,113,156
Other Expenses $2,121,492
TOTAL EXPENSES $2,121,492

Year-over-Year Comparison

2024 2023 Change
Revenue $3,740,725 $2,051,822 +0.8%
Expenses $2,121,492 $2,319,686 -0.1%
Net Income $1,619,233 $-267,864 -7.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
4

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Christopher Wrenn Treasurer 1.00
Officer Director
$0 $0 $0
Cara Dowling President 1.00
Officer Director
$0 $0 $0
Allison Moody Secretary 1.00
Officer Director
$0 $0 $0
Thomas Brooks Vice President 1.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $3,740,725 $2,121,492 $36,564,606 $1,619,233
2024 $2,051,822 $2,319,686 $37,833,482 $-267,864
2023 $1,942,077 $2,292,733 $36,575,024 $-350,656
2022 $1,920,438 $3,009,666 $37,928,582 $-1,089,228
2021 $1,507,711 $2,479,845 $35,991,568 $-972,134
2020 $2,715,438 $2,312,586 $25,589,408 $402,852
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